Robert F. Kennedy Jr. Makes Significant Bitcoin Investment Following Miami Conference

Robert F. Kennedy Jr., a Democratic presidential candidate, has revealed that he owns an investment in Bitcoin worth up to $250,000, contradicting his previous statements denying involvement in the leading cryptocurrency.

According to records obtained by CNBC, Kennedy Jr. held between $100,001 and $250,000 worth of Bitcoin as of the end of June. This investment was made after he delivered a speech at the Bitcoin 2023 conference in May, during which he announced that his campaign would accept Bitcoin donations, making it the first U.S. presidential campaign to do so.

During the conference, Kennedy Jr. explicitly denied being an investor in Bitcoin, stating, “I am not an investor, and I am not here to give investment advice.”

The financial disclosure filed on June 30 does not specify the timing of the Bitcoin purchase, but it indicates that the investment has returned less than $201 since it was made. The filing does not disclose who made the purchase within the Kennedy family, although Kennedy Jr.’s campaign acknowledged that it was him.

In his campaign against President Joe Biden, Kennedy Jr. has actively engaged with the crypto community. In a tweet on May 3, he praised cryptocurrencies, particularly Bitcoin, as a major engine of innovation. He criticized the U.S. government for hindering the industry and driving innovation to other countries.

Notably, Kennedy Jr. has gained support from influential figures in the crypto space, including Twitter founder and CEO of Block Inc., Jack Dorsey. Dorsey recently expressed confidence in Kennedy Jr.’s strategy to defeat his opponents in the upcoming race, stating, “He can and will.”

Kennedy Jr. comes from a prominent political family, being the son of former Attorney General and Senator Robert F. Kennedy and the nephew of the 35th President of the United States, John F. Kennedy. His support for the crypto industry comes at a crucial time as the U.S. Securities and Exchange Commission (SEC) intensifies its scrutiny of crypto businesses in the absence of a comprehensive regulatory framework for digital assets in the country.

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